VanEck, one of the leading global investment companies, has registered an ETF on Avalanche (AVAX) in the United States. This move could precede a future request for a spot ETF on AVAX, marking another significant step for the adoption of cryptocurrencies in regulated markets.
VanEck: a new registration of an ETF on Avalanche (AVAX) in Delaware
According to the public documents available on the official website of the state of Delaware, yesterday, VanEck registered the “VanEck Avalanche ETF”. The product was filed with the registration number 10125689 and classified as a trust corporate service company in the state of Delaware, in line with other crypto ETF registrations previously made by the company.
This recording comes at a delicate time for the cryptocurrency market. In 2025, Avalanche (AVAX) lost 55% of its value since the beginning of the year, while Bitcoin (BTC) fell by 17%, according to data from CoinGecko.
Avalanche becomes the fourth crypto asset with a VanEck ETF registered
With this move, Avalanche is the fourth digital asset for which VanEck files a separate ETF in the United States. The previous ones were Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
In June 2024, VanEck filed an application with the Securities and Exchange Commission (SEC) for a spot ETF on Solana, becoming one of the first issuers to submit such an application. The company already has a strong track record in the cryptocurrency investment sector, having been among the first issuers of spot ETFs on Bitcoin in 2024. Additionally, in 2017, it was the first to apply for a Bitcoin futures ETF.
The importance of Avalanche in the crypto landscape
Launched in 2020 by Ava Labs, the Avalanche platform was developed under the guidance of Emin Gün Sirer. Its goal is to offer a scalable and fast solution for smart contracts and decentralized applications (dApp), directly competing with Ethereum.
The native token AVAX reached the top 10 cryptocurrencies by market capitalization in 2021. However, the fluctuations in the sector have affected its value, and it is currently the 20th largest cryptocurrency, with a market cap of 7 billion dollars, according to data from CoinGecko.
No registration for an ETF on XRP
The decision by VanEck to register an ETF on AVAX before a potential ETF on XRP has sparked reactions in the crypto community.
A commentator on X (formerly Twitter) highlighted this choice, drawing the attention of the head of digital asset research at VanEck, Matthew Sigel. In a post reshared by Sigel himself, a user wrote:
“VanEck has filed an ETF on AVAX before an ETF on XRP. Come on, Matthew Sigel, who is telling you not to file an ETF on XRP?”
This comment suggests that some investors expected a listing for XRP before Avalanche, but VanEck chose to prioritize AVAX.
“`html
Competition in the crypto ETF sector
“`
The registration of the VanEck Avalanche ETF represents the first official registration of its kind for the US market. However, VanEck is not the only company pushing for the introduction of new crypto ETFs.
Grayscale, one of the leading entities in the field of cryptocurrency investments, submitted a request to the SEC in October 2024 to convert its multi-coin fund – which also includes AVAX and four other digital assets – into an ETF. This demonstrates a growing interest in greater regulation and accessibility of the crypto sector through traditional financial instruments.
A possible signal for the future of crypto ETFs
The gradual introduction of ETFs specific to individual digital assets indicates a growing maturity of the market. If approved, a spot ETF on AVAX could attract institutional investors, giving Avalanche greater exposure and liquidity.
With previous records on Bitcoin, Ethereum, and Solana, VanEck continues to emerge as one of the main players in the cryptocurrency-based ETF market and this move could further strengthen its role.
Future developments will depend on the assessments of the SEC, market balances, and investor demand for these new financial instruments.
